USDT Maintains Stability Amid EU Regulations, Say Glassnode Co-Founders

Quick Summary:

The stability of USDT amid EU regulations has defied widespread expectations, maintaining its market cap and dollar peg even after the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulatory framework.

With the rise of alternatives like USDC and government-backed Central Bank Digital Currencies (CBDCs), USDT faces increasing competition for market share.

Despite exiting the EU market, USDT’s market capitalization remained steady, reflecting its strong presence in other regions, particularly Asia and the Americas.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChina

Topics: Crypto News USDT Stability Amid EU Regulations USDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 13:34:40 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24819220

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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